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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.


TSX:NGD - Post by User

Bullboard Posts
Post by Skibum2on May 07, 2012 5:01pm
443 Views
Post# 19881708

Heads Up

Heads Up

Was just onsite...........checking out the work

Ball & Sag Mills are about 2 months away (not all equipment is set) and based on work at Gibraltar previously they are about 2 months away from running the Mills IE: Commissioning and troubleshooting

Lots of pipe spools missing, pipelines just started to get tested (not flushed) and few are passing the initial test

They will report that they are commissioning in June and hope to hit commercial by August.

 

I would say commercial will not be fufilled until October.

I am not a shareholder but thought you might be interested.

The other thing to note, usually you finish the front end first (conveying, Mills, Floatation, ....Thickening, Tailings etc.) and then stagger finish the back end last (Tailings pumps, Tailings Cyclopack Bldg,Tailings Barge)

That way you can commission the front end while back end gets constructed.

Mills are behind (no urgency seen on site for them), Cyclopak steel just went up 2 weeks ago.........need more personnel onsite if they want to complete earlier

Skibum2

Bullboard Posts